Woodward Soars as Revenue Forecasts Climb in Aerospace and Industrial Divisions
Woodward is flying on all cylinders
The aerospace and industrial company raised guidance in both its segments. Shares in industrial and aerospace control products company Woodward (NASDAQ: WWD) rose 11.6% in the week to Friday morning. The move came after impressive fiscal second-quarter earnings were released at the start of the week.
Mixed outlook
While the upgrade to expectations is excellent news, it's not clear how long the improving environment will last, at least in the industrial segment. For example, CEO Charles Blankenship said, 'The mix of heavy-duty truck production in China has been trending toward natural gas engines,' but 'recent discussions with our customers indicate there may be a softening in demand this summer.'
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